voting is underway in israel for the country's next leader, current prime minister benjamin netanyahu voting today. expected to win re-election but with a smaller majority than in 2009. results are expected in this afternoon and we will have them for you live whether they happen. bill: in our country now the president setting up the next round of big budget battles. mr. obama defending the role of government in reaffirming support for major entitlement programs, the drivers of her debt like medicare, medicaid and social security, leaving many to wonder if any of d.c.'s spending will decrease. in fact democratic senator chuck schumer already suggesting that taxes may need to go up again to pay for all those bills and all that spending. stephen hayes, senior writer, "weekly standard", and fox news contributor has been on this. steve, good morning to you. how are you doing, post inauguration day? >> doing well. bill: give us a sense about what we can expect to happen in your town next. >> well, i think very little. you're looking at a spending, spending trend that is unlikely to change a